Bonds & Stocks
Stock futures, bonds and the dollar saw small moves, with traders weighing mixed economic figures for clues on the outlook for the Federal Reserve’s next steps. S&P 500 contracts signaled the benchmark gauge will resume its November advance after a brief pause on Tuesday. The yield on 10-year Treasuries was little changed at 4.39%. Nvidia Corp. wavered as its results blew past Wall Street estimates, but failed to satisfy the loftier expectations of investors.
Economy
Federal Reserve policymakers at their most recent meeting united around a strategy to “proceed carefully” on future interest-rate moves and base any further tightening on progress toward their inflation goal. “All participants agreed that the committee was in a position to proceed carefully and that policy decisions at every meeting would continue to be based on the totality of incoming information,” according to minutes of the Oct. 31-Nov. 1 Federal Open Market Committee meeting released in Washington Tuesday.
World
Hamas agreed to free 50 hostages from Gaza in return for a four-day ceasefire with Israel and the release of 150 Palestinian prisoners. While Israeli Prime Minister Benjamin Netanyahu was quick to say war will
continue until Hamas is destroyed as an organization, it will be the first major lull in fighting since the conflict erupted just over six weeks ago when Hamas militants attacked Israel.